Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) shot up 2.4% on Friday . The stock traded as high as $10.33 and last traded at $10.07. 104,862 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 145,967 shares. The stock had previously closed at $9.83.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Falcon's Beyond Global from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".
Get Our Latest Stock Report on FBYD
Falcon's Beyond Global Trading Up 2.4%
The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market cap of $1.22 billion, a P/E ratio of 47.95 and a beta of -2.57. The firm's fifty day moving average price is $14.03 and its two-hundred day moving average price is $11.07.
Institutional Trading of Falcon's Beyond Global
Several institutional investors and hedge funds have recently modified their holdings of FBYD. Global Retirement Partners LLC bought a new position in shares of Falcon's Beyond Global in the 4th quarter worth $30,000. Strs Ohio bought a new stake in Falcon's Beyond Global during the fourth quarter worth about $39,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Falcon's Beyond Global in the 4th quarter worth about $47,000. Bank of America Corp DE boosted its holdings in shares of Falcon's Beyond Global by 8,008.5% in the 3rd quarter. Bank of America Corp DE now owns 3,811 shares of the company's stock worth $42,000 after purchasing an additional 3,764 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new position in shares of Falcon's Beyond Global during the 4th quarter valued at about $130,000. Hedge funds and other institutional investors own 38.88% of the company's stock.
About Falcon's Beyond Global
(
Get Free Report)
Falcon's Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon's Creative Group is a themed entertainment and master planning firm. Falcon's Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.
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